OFF-MARKET
Commercial real estate
Entity Owned
14-yr Hold
~
Est. High Equity
Entity Owned Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Construction
CONCRETE BLOCKS
Total area
29,187 SF
Lot
3.91 ac (170,320 SF)
Zoning code
LI
APN
18 00202-0000-00007
UPID
US59-1096891
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Physician
-
Association Or Organization
-
Physician
-
Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.93M
Comparable Approach
Comparable
$4.52M
Blend (final)
Blend
$5.70M
Owner & transaction history
since 2012
3 recorded transactions
Zoning & alternative use
LI · Summit, NJ
Zoning description
Location. Above-grade, structured parking facilities shall only be permitted in the LI, PROD, PROD-2, PI, RO-60, GW I and GW II Zones. In all other zones, only surface parking and below-grade or underground parking facil…
General category
RESIDENTIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.70M
Value range
$5.13M – $6.26M
±10% around blend
Estimated value / SF
$195 / SF
Confidence
High
12 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$5.13M
blend $5.70M
$6.26M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
29,187 SF
Lot area
3.91 ac
Year built
1930
Stories
1
APN
18 00202-0000-00007
Assessed value
$3,340,000
Annual tax
$143,052
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.93M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.42M
@ 6.5% CAP return
$5.93M
@ 7% CAP return
$5.51M
4
Sales comparison
Partial preview
Sales approach indication
$5.64M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.9 mi away · 26,489 SF
15.4 mi away · 21,394 SF
20.2 mi away · 28,750 SF
20.5 mi away · 31,000 SF
21.6 mi away · 30,290 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.70M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 38 sales
$383
-49%
Submarket 38 sales
$383
-49%
County 826 sales
$248
-21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $195/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.34M
Move the market yield to see immediate price impact.
Value / SF
$114
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$210k
$4.21M
$3.01M
$2.34M
$234k
$4.68M
$3.34M
$2.60M
$257k
$5.14M
$3.67M
$2.86M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$706k
6.3 mi · Oct 2025 · $22/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$143,052
Tax year 2022
Assessed value
$3,340,000
Assessed 2023
Previous assessed
$3,340,000
+0.0% YoY
Effective rate
4.28%
On assessed value
Assessed land
$1,437,700
Assessed improvement
$1,902,300
Land market value
$1,437,700
Improvement market value
$1,902,300
Total market value
$3,340,000
Applied tax rate
18.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1930
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
29,187 SF
Lot
3.91 ac (170,320 SF)
Zoning code
LI
APN
18 00202-0000-00007
UPID
US59-1096891
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Summit, NJZoning LI · permitted uses
LI · Summit, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Location. Above-grade, structured parking facilities shall only be permitted in the LI, PROD, PROD-2, PI, RO-60, GW I and GW II Zones. In all other zones, only surface parking and below-grade or underground parking facil…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
1930
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
3.91 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
LI
RESIDENTIAL
Jurisdiction
Summit, NJ
Recorded code
LI
Official district
LI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI in Summit, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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